Practo raises $30 million from Sequoia and Matrix Partners

Practo technologies Pvt Ltd, which owns and operates Practo.com, the online doctor appointments booking portal has secured $30 million in funding from Sequoia and Matrix Partners. The company has raised the money in second (series B) round of funding.

The company is planning to use these funds to expand to 35 cities in India including Ahmedabad, Coimbatore and Surat. The company also has plans to expand abroad. It also plans to make a few strategic acquisitions and expand its team.

The company plans to expand to six countries internationally.

“From our first seed investment in Practo in 2011, the company has come a very long way. It has now scaled to being the market leader in online healthcare in India, a category that has created multiple multi-billion dollar companies around the world,” added Shailendra Singh, managing director at Sequoia Capital.

“Practo is revolutionising healthcare by enabling consumers to find the best doctors, book instant appointments and make better, more informed health decisions. It is our privilege to work with Shashank ND and Abhinav Lal, to scale and bring Practo to millions of consumers around the globe,” said Avnish Bajaj, co-founder and managing director, Matrix India.
The company was started in 2008 by Shashank and Abhinav Lal. Practo had raised about $4.6 million from Sequoia Capital in Series A round.